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Depfa Bank implements Kamakura risk management suite

09 July 2002  |  3095 views  |  0 Depfa Bank implements Kamakura risk management suite

Depfa Bank has implemented Kamakura Corporation's Risk Manager software package for market risk management.

The package covers credit risk, market risk, net income simulation and transfer pricing.

Systems integration on the project was undertaken by IPS-Sendero, a global distributor of Kamakura Risk Manager products. As part of the installation, IPS-Sendero completed an XML interface to the derivatives front and back office system offered by Summit Systems and an interface to the SAP R/3 system used by Depfa for non-derivative assets and liabilities.

Alejandra de Gaustad, head of market risk control for Depfa Bank, says: "KRM's advanced functionality will allow us to implement our strategic risk control plans and to be well ready for Basle II. We also look forward to working together with Kamakura and IPS-Sendero on the implementation of the FAS133 module."

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